Moneycontrol Be a Pro
Get App
Last Updated : Oct 31, 2019 04:14 PM IST | Source:

Hold Kewal Kiran Clothing; target of Rs 1155: Sharekhan

Sharekhan recommended hold rating on Kewal Kiran Clothing with a target price of Rs 1155 in its research report dated October 23, 2019.

Broker Research @moneycontrolcom
  • bselive
  • nselive
Todays L/H

Sharekhan's research report on Kewal Kiran Clothing

Revenue grew 9.5% y-o-y, as volumes and realisations grew by ~4% each; flagship brand Killer saw revenues surge, while Lawman is yet to recover. Higher cost of goods sold, discounts and trade margins hit gross margins, which along with a rise in S&A expenses caused OPM to plummet; PAT wasn’t affected much by shift to Ind-AS 116. Management guided for high single-digit revenue growth and OPM of above 20% in FY2020; lower corporate tax rate to help earnings grow in double digits.


We maintain our Hold rating with an unchanged price target (PT) of Rs. 1,155.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Oct 31, 2019 04:14 pm
Follow us on
Available On